Digest: Liberty stock hits high
EmptyClass A shares of Liberty Media Corp.’s Liberty Capital tracking stock hit a 52-week high of $126.46 in intraday trading Tuesday. They closed the day up 0.5% at $125.50. The stock's previous year-high was $125.54. Liberty Capital shares have been doing well during the past year, with their 52-week low established in August at $80.01. At Tuesday's closing price, Liberty Capital, part of Liberty chairman John Malone's empire, had a market capitalization of nearly $16.2 billion.
TiVo Inc. has named Clent Richardson chief marketing officer in an effort to strengthen the firm from competition from generic DVRs. Richardson most recently served as chief marketing officer at Nortel Networks. Previously, he was chief of sales and marketing at T-Mobile U.K. and also worked for Apple Inc.
Digital entertainment services firm RealNetworks Inc. said Tuesday that it has signed a multiyear deal with Mattel Inc. to develop, publish and distribute some of the toymaker's games online. The companies did not disclose financial terms of the deal. It covers such games as Scrabble and Uno, they said. The first games under the arrangement are expected to launch in mid-2008.
Broadcaster Fisher Communications Inc. has acquired local online media pioneer Pegasus News, which provides personalized local news, information and advertising. Financial terms were not disclosed. Fisher said the deal is part of its initiative to develop new online-only content in key local markets. "While the Internet has made the world accessible at the click of a mouse, it's still often a challenge to find out what's happening around the corner," Fisher president and CEO Colleen Brown said.